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Rap Sheet

Author:

Jester Debunker

Subject:

Off Topic

Date:

08/26/16 at 10:04 AM CDT

 

 

READ: 4

RPLY: 0

0

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RECS:0

Sentiment:

Neutral

Yellen

Yellen has spoken.

"I believe the case for an increase in the federal funds rate has strengthened in recent months."

So, year 2046 for the next hike.

"future policymakers may wish to explore the possibility of purchasing a broader range of assets."

And with that, the markets took off higher. I guess she got scared after the Nasdaq posted its first 2-day decline in 2 months. Central Banks not content with owning $25TN of assets, need MOAR. The 1% aren't quite rich enough, yet.

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